Author: arthursheikin@gmail.com
[ad_1] Goldman Sachs is out with a fresh list of “shared favorite” stocks among the two major kinds of institutional stock pickers. Investors may be hunting for bargains after the major U.S. indexes have continued to rally this year, with the Dow Jones Industrial Average notching a record close as recently as Friday after Federal Reserve Chair Jerome Powell signaled a potential rate cut ahead. According to David Kostin, chief U.S. equity strategist at Goldman Sachs, some investment opportunities can be found in Goldman’s shared favorites list. These stocks are loved by both mutual funds and hedge funds. This is…
[ad_1] Elon Musk’s X and xAI filed a lawsuit against Apple and OpenAI on Monday, alleging that the two companies are colluding to stifle competition. “In a desperate bid to protect its smartphone monopoly, Apple has joined forces with the company that most benefits from inhibiting competition and innovation in AI: OpenAI, a monopolist in the market for generative AI chatbots,” the lawsuit reads, referring to Apple’s partnership with OpenAI to integrate ChatGPT into its systems. This lawsuit is part of a long series of disputes between Musk and Altman, who continue to throw public jabs at one another. Once…
[ad_1] Michael M. Santiago/Getty Images 2025-08-25T17:12:51Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Bank of America cut its rating on American Eagle stock to “underperform.” The firm says any positive impact of its Sydney Sweeney ad campaign will be canceled out by tariffs. BofA cut its price target on the stock to $10, implying 21% downside from…
[ad_1] President Donald Trump says he’s just getting started as the nation’s financial advisor.On Monday, Trump and team made clear that taking a roughly 10% stake in Intel is just the beginning of dealmaking that could lead to US taxpayers holding unprecedented shares in private companies.”The president has made it clear all the way back to the campaign, he thinks that in the end, it would be great if the US could start to build up a sovereign wealth fund. So I’m sure that at some point there’ll be more transactions, if not in this industry then other industries,” Kevin…
[ad_1] It’s been a bad month for Palantir. Or half-month, to be more specific.Since reaching a record high on August 12, shares have been mired in a steep sell-off, falling 17%.The tumble stood in stark contrast to the stock’s 147% year-to-date ascent up until that point, a rally driven by fervid retail investors and market-wide excitement around the growth potential of AI.Wall Street analysts say a combination of three major factors has Palantir’s army of loyal retail investors feeling more hesitant on the stock:1. Short-seller interest Andrew Left recently revealed his firm had taken a short position in Palantir. BRENDAN…
[ad_1] Goldman Sachs says Shoulder Innovations could have a massive growth runway ahead of it. The firm initiated coverage of the shoulder implants stock with a buy rating and a $20 per share price target in a Sunday note. Goldman’s forecast implies more than 57% upside from Friday’s $12.71 close. Shoulder Innovations went public late last month at $15 per share. The stock has slipped about 16% in August. Morgan Stanley, Goldman and Piper Sandler were the joint lead booking-running managers for the offering. Jefferies and BTIG also participated. Jefferies began coverage of the stock Monday with a buy, while…
[ad_1] Josh — Today’s update of our Best Stocks in the Market List looks at the relatively recent outperformance of lower valuation names as the big growth stocks take a break. Sean’s going to talk about why the Jackson Hole speech could be a major catalyst for this trend to continue. We’ll give you all the recent high-level List data and then I’m going to show you some charts, including O’Reilly Automotive, Synchrony Financial, The Hartford Insurance Group and Allstate. Buckle up. Sector Leaderboard As of Aug. 25, there are 191 names on The Best Stocks in the Market list.…
[ad_1] Andreessen Horowitz and OpenAI President Greg Brockman are among the Silicon Valley veterans putting more than $100 million into a network of political-action committees (PACs) that will advocate against strict AI regulations in next year’s midterm elections, reports The Wall Street Journal. The new pro-AI super-PAC network dubbed “Leading the Future” aims to use campaign donations and digital ads to advocate for favorable AI regulation and oppose candidates that the group thinks will stifle the industry. Both Andreessen Horowitz and OpenAI were part of a push earlier this year to implement a 10-year moratorium on states’ rights to create…
[ad_1] Good morning. Akin here, filling in for Hallam on England’s summer bank holiday. Thousands of people are also soaking in the heat at Burning Man, the annual arts and music festival, in Nevada. BI reports that it’s in financial straits: it operated at a loss last year and didn’t sell out this year. If you’re there, enjoy the desert, and get home safely.In today’s big story, why your next real-estate agent may be a Gen Zer.What’s on deck:Markets: How billionaire founder Ken Griffin is building his legacy beyond Wall Street.Tech: Tesla shifted its Optimus training strategy, using a familiar…
[ad_1] Robomart, a startup that builds self-driving delivery robots, is unveiling its latest robot with an ambitious goal of using it to make on-demand delivery profitable. The Los Angeles-based company announced its patented Robomart RM5 on Monday. The level-four autonomous vehicle can carry up to 500 pounds and is made up of 10 individual lockers that hold customer orders. This structure is designed to allow for batch ordering so a robot can work on multiple deliveries at the same time. Robomart plans to use these new robots to operate an on-demand delivery business model similar to those of established food…